Andrew
Online Reporter
THE trial of Dynamos Football Club board chairman, Bernard Marriot, was on Wednesday further remanded to April 27.
Marriot is accused of defrauding the football club and the private company under which it falls, of a 51 percent shareholding.
The state alleges that sometime in 2008, Dynamos FC’s Articles of Association were replaced through a special resolution.
It is said that the net effect of the Articles of Association was to allocate some shares to people who were active members of the club during its formative period from 1963 to 1968, and it was in accordance with the recommendations of the Sports and Recreation Commission (SRC).
However, the committee never convened to deliberate on the task and to that effect, the allocation of shares and issuance of certificates was not done.
An investigation later revealed Marriot had allegedly manipulated the distribution of shares, and awarded himself a 51 percent shareholding without the knowledge of others.
Online Reporter